Unlike other Quebec players who were interested in Transat AT last year, businessman Pierre Karl Péladeau is not closing the door on another attempt in a context where Air Canada's offer for the tour operator has been plummeting adjusted.
Posted October 15, 2020 at 12:59 PM
Asked during a telephone interview with The Canadian Press regarding the resumption of Téo Taxi operations, the latter was cautious in saying that he "continues to analyze the file."
Mr. Péladeau, shareholder of Air Transat's parent company, added that he intended to "look at the various (options) likely to be discussed," adding casually that his The opinion was whether regulatory authorities in Canada and Europe would give the green light to the merger.
Under the revised scheme in the wake of the unrest caused by the COVID-19 pandemic, Air Canada is now offering $ 5 for each share of Air Transat's parent company – a 72% drop from $ 18 before . The value of the transaction would thus fall from 720 million to about 190 million.
This proposal will be the subject of a new vote and must receive the support of at least two-thirds of the holders of Transat AT securities at a meeting scheduled for December 8, according to the documents submitted. with regulatory authorities.
The new arrangement makes it possible to submit competing bids. However, the enthusiasm is no longer at the rendezvous with some of the contenders who had their eyes on the tour operator.
On Tuesday, Groupe Mach, who wanted to take control of the company last year, said it would not want to jump into the arena, while businessman Dominik Pigeon, head of the company FNC Capital, whose interest was also mentioned, says further. to have gone.